The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 30, 2012
Filed:
Sep. 19, 2011
Eric F. Kowalchyk, Campbell, CA (US);
See Yew MO, Campbell, CA (US);
Jimmy M. LU, San Jose, CA (US);
Satish Buddhavarapu, Sunnyvale, CA (US);
Michael J. Power, San Jose, CA (US);
Janos Z. Mako, North Andovar, MA (US);
Eric F. Kowalchyk, Campbell, CA (US);
See Yew Mo, Campbell, CA (US);
Jimmy M. Lu, San Jose, CA (US);
Satish Buddhavarapu, Sunnyvale, CA (US);
Michael J. Power, San Jose, CA (US);
Janos Z. Mako, North Andovar, MA (US);
Intuit Inc., Mountain View, CA (US);
Abstract
A consumer tenders a transaction card to a merchant to purchase a good or service. A merchant payment device, such as a payment terminal or mobile communication device, processes the payment utilizing a risk assessment system. Card data received by the payment device is sent to the risk assessment system, which processes card data and generates an indicator representing risk associated with accepting payment using the card. The indicator is sent to the payment device to provide the merchant input regarding risk associated with using the card (e.g., likelihood of fraud or chargeback) in a seamless manner. If the risk level is too high, the merchant may reject the card. The risk indicator may be based on different types of data from different sources, e.g., data from a first source related to the consumer's credit history and data from a second source related to the consumer's identity.